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PRESS RELEASE: Ekotechnika AG achieves full placement of acquisition offer




15.12.15 16:33
Dow Jones Newswires



PRESS RELEASE: Ekotechnika AG achieves full placement of acquisition offer





DGAP-News: Ekotechnika AG / Key word(s): Capital Reorganisation/IPO
Ekotechnika AG achieves full placement of acquisition offer

2015-12-15 / 16:33
The issuer is solely responsible for the content of this announcement.

- New Series A shares oversubscribed two and a half times

- New Series A shares to be delivered on 16 December 2015

- Admission for trading on 17 December 2015

- Cash Compensation of EUR 89.77 per acquisition right

- Financial restructuring completed successfully

Walldorf, 15 December 2015 - Ekotechnika AG, the German holding company of the EkoNiva-Technika Group, the largest
dealer of international agricultural machinery in Russia, successfully completed the placement of its new Series A
shares. The offer of 1,539,000 Series A bearer shares (ISIN DE000A161234) issued in the context of the capital increase
against contribution in kind by way of a debt-to-equity swap was oversubscribed two and a half times. Total demand for
the Ekotechnika shares amounted to 3,770,050 shares.

During the acquisition period from 23 November through 9 December 2015, the previous bondholders exercised 80 % of the
acquisition rights for the Series A shares (1,229,481 shares). Due to the high demand, the remaining 309,518 shares can
be allocated from the oversubscription (over 1.9 million shares) at a price of EUR 3.50. The allocation quota is 18 %.

The new Series A shares from the acquisition rights are scheduled for delivery on Wednesday, 16 December 2015 ("delivery
day" as defined in the acquisition offer). The shares from the oversubscription will probably be delivered to the
depositary accounts as of the value date 18 December 2015.

The Ekotechnika shares (WKN A16123) are admitted for trading in the primary market of the Düsseldorf Stock Exchange on
17 December 2015.

As the shares are fully placed, there will be no subsequent sales period. The cash compensation of EUR 89.77 per
unexercised acquisition right (equivalent to EUR 3.50 per share) is expected to be paid on 30 December 2015 ("payment
day" as defined in the acquisition offer). Hence, the financial restructuring of Ekotechnika AG as resolved by the
second bondholders' meeting on 6 May 2015 has been completed successfully.

Information on the share will be provided on the Ekotechnika website at
http://www.ekotechnika.de/en/investor-relations/share.html.

About Ekotechnika

Walldorf-based Ekotechnika AG is the German holding company of the Ekoniva-Technika Group, the largest distributor of
agriculture equipment in Russia. The company's single most important supplier is John Deere & Co., the world's leading
manufacturer in this field. In addition, Ekotechnika sells equipment from another 11 market-leading manufacturers. Its
main business is in selling new equipment such as tractors but also milking equipment and precision farming technology.
In addition, the company sells spare parts and provides service and maintenance. Ekotechnika's founder and board member
is Stefan Dürr, who has been active in the Russian farming sector since the late eighties and has been instrumental in
its modernisation over the past two decades. In 2011 the equipment business was separated from the farming business,
which now operates independently under the name Ekosem-Agrar. Operating 12 locations in attractive Russian farming
regions, Ekotechnika today employs around 545 people and generates sales of EUR 171 million in 2013/2014.

Contact
Ekotechnika AG // Johann-Jakob-Astor-Str. 49 // 69190 Walldorf // T: +49 (0) 6227 3 58 59 60 //
E: info@ekotechnika.de // www.ekotechnika.de

Media / Investor Relations
Fabian Kirchmann // IR.on AG // T: +49 (0) 221 9140 970 // E: presse@ekotechnika.de

2015-12-15 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

Language: English
Company: Ekotechnika AG
Johann-Jakob-Astor-Str. 49
69190 Walldorf
Germany
Phone: +49 (0) 6227 3 58 59 60
E-mail: info@ekotechnika.de
Internet: www.ekotechnika.de
ISIN: DE000A161234
WKN: A1R1A1
Listed: Regulated Unofficial Market in Dusseldorf
Notierung vorgesehen. / Intended to be listed.

End of News DGAP News Service
423979 2015-12-15




(END) Dow Jones Newswires




December 15, 2015 10:33 ET (15:33 GMT)









 
 

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